Multifamily Corner Lot with
For Lease
$5,250,000
428 Rosemont St, La Jolla, CA 92037
Six-unit multifamily with renovation-ready units and four one-car garages on a dual-frontage corner lot with alley access.
Space SizeContact for details
Property Size4,571 SF
Lot Size0.21 Acres
Days on Market48
Property Features for 428 Rosemont St
General Information
Standard status
Active
Size
4,571 SF
Total Parking Spaces
4
Lot size
0.21 Acres
Property subtype
Commercial
Additional Details
Cap Rate
3.25%
Multifamily Units
6
Building Details
Tenancy
Multi
Listing Agency:
Robert Realty
(951) 226-5454
Listed By:
Robert Antoniadis ([email protected])
Source:
Mrmurrieta
Added: Jun 20
Changed: Jul 10
Last Checked: Aug 6 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Realty
Investment Insights
Based on property information with market context.
This 6-unit multifamily property totals 4,571 square feet of living area, with four of the six units identified as renovation ready and vacant. The unit mix includes two 2BR/2BA units at approximately 900 square feet each, two 2BR/1BA units at approximately 800 square feet each, and two 1BR/1BA units at approximately 600 square feet each. The site is a flat, level corner lot totaling 9,227 square feet (95 x 100) and includes four one-car garages measuring 10 x 24.
The property is located at 428 Rosemont St, La Jolla, CA 92037 and is positioned on a corner with dual street frontage on Rosemont and Electric, plus alley access. Public remarks note coastal bluff characteristics with Pacific Ocean views and proximity to Neptune/Windnsea Beach, cited as 0.2 miles away. The surrounding area is described as an affluent, walkable coastal community with a local commercial corridor offering convenient access to retail, dining, and personal services within walking distance.
For an operator or buyer, the configuration supports both long-term renting and repositioning given the current renovation-ready and vacant units. Public remarks also cite a stated long-term monthly market rent of $29,800, alongside reported short-term/Airbnb rent of $50,000 per month. The remarks further state that converting the four 10 x 24 garages into studios is presented as an opportunity to generate additional $127K+ per year.
The property is located at 428 Rosemont St, La Jolla, CA 92037 and is positioned on a corner with dual street frontage on Rosemont and Electric, plus alley access. Public remarks note coastal bluff characteristics with Pacific Ocean views and proximity to Neptune/Windnsea Beach, cited as 0.2 miles away. The surrounding area is described as an affluent, walkable coastal community with a local commercial corridor offering convenient access to retail, dining, and personal services within walking distance.
For an operator or buyer, the configuration supports both long-term renting and repositioning given the current renovation-ready and vacant units. Public remarks also cite a stated long-term monthly market rent of $29,800, alongside reported short-term/Airbnb rent of $50,000 per month. The remarks further state that converting the four 10 x 24 garages into studios is presented as an opportunity to generate additional $127K+ per year.
Key Highlights
- 6‑unit multifamily in La Jolla (92037) with total 4,571 SF living area
- 4 of 6 units are renovation ready and vacant; unit mix includes two 2BR/2BA (~900 SF), two 2BR/1BA (~800 SF), and two 1BR/1BA (~600 SF)
- Flat 9,227 (95x100) SF prominent corner lot with dual street frontage (Rosemont & Electric) plus alley access
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 92037, CA
41,260
Population
19,628
Households
2.1
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
3,438
Density / Sq Mi
$141,822
Median Household Income
$64,545
Median Earnings
$2,632
Median Rent
$1,857,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily with renovation-ready units and four one-car garages on a dual-frontage corner lot with alley access.
Where is this apartment building located?
The property is located at 428 Rosemont St La Jolla, CA.
What is the lease rate?
The lease rate is $5,250,000.
What are key features of this property?
This property features: 6‑unit multifamily in La Jolla (92037) with total 4,571 SF living area; 4 of 6 units are renovation ready and vacant; unit mix includes two 2BR/2BA (~900 SF), two 2BR/1BA (~800 SF), and two 1BR/1BA (~600 SF); Flat 9,227 (95x100) SF prominent corner lot with dual street frontage (Rosemont & Electric) plus alley access
